Cosmetic in Canada
On my way to Blue Mountain yesterday (Thank you again for Dora’s invite and Carmen’s transportation arrangement), I was reading an article “Cosmetic sales an eye-opener” (See link below) Toronto Star that I got from McDonald’s. This was totally surprised me that “Shoppers already has a 20 per cent share of Canada’s $1.3 billion prestige cosmetics market … With plans to open up to 50 stores across the country, the company [Shoppers] is aiming to capture up to $500 million in annual sales, supplementing its existing 1,080 drug stores with $9 billion in annual sales”
The link to this article: http://www.thestar.com/Business/article/560638
Wow! This is impressive but I also heard that cosmetic industry is very closed and competitive. I’d like to know now about how Shoppers get into this market.
